Please find attached disclosure
SHOPERSTOP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shoppers Stop Limited reported a consolidated net loss of Rs 36.09 Crores for FY26 (vs profit of Rs 10.89 Crores in FY25), though revenue grew 9% to Rs 5,043.32 Crores. Standalone revenue increased 6.1% to Rs 4,707.67 Crores with net loss of Rs 46.24 Crores. The loss is attributed to high finance costs (Rs 289.46 Crores consolidated), elevated depreciation (Rs 540.70 Crores), and exceptional items of Rs 18.99 Crores including impairment and labour code adjustments. The Board approved an additional Rs 40 Crores investment in Global SS Beauty Brands Limited (wholly-owned subsidiary), reappointed Arun Sirdeshmukh as Independent Director for 5 years, and reappointed PwC as Internal Auditors. The statutory auditors issued an unmodified opinion. A contingent liability of Rs 20.11 Crores (service tax dispute) remains pending before the Supreme Court.
The shift to net loss despite revenue growth signals margin pressure from high debt levels and investment phase. The Rs 40 Crore capital injection into the beauty subsidiary indicates ongoing expansion funding. Cash flows remain strong at Rs 837.68 Crores from operations. Clean audit opinion provides comfort on financial reporting.